Columnist Ron Smith states that our economic collapse is inevitable ("When will collapse come?" Sept. 16). As a tea party guy, I hold out hope that there will come a day when voters put enough pressure on our politicians that they see the light and we start paying down our debt to avoid that collapse. But seeing as how Senate Leader Harry Reid just inserted federal funding to create more bike paths into one of the bills going through Congress, I can see why Mr. Smith would conclude that our politicians don't get the gravity of the situation with regard to the debt.
If we assume that the collapse will come and that the only solution will be to print an insane amount of money to pay our debts, then we'll face a crucial choice. In the wake of such a financial disaster, the dollar will be worth pennies compared to its current value, and Americans will have to get used to a far more modest lifestyle. Essentially, we'll be happy to be paid a bowl of rice for our labor like the Chinese. But out of those ashes will be born industry — if we don't regulate it out of existence.